Advanced Remote Monitoring and Predictive Analytics Technologies Drive Asset Performance Management Market

  • March 23, 2021
  • ARC Advisory Group
  • News
Advanced Remote Monitoring and Predictive Analytics Technologies Drive Asset Performance Management Market
Advanced Remote Monitoring and Predictive Analytics Technologies Drive Asset Performance Management Market

March 23, 2021 - New ARC Advisory Group research on the global Asset Performance Management (APM) market reveals that the outlook remains positive for APM investments in process industries. Accelerated adoption of digital transformation strategies by major manufacturers is the primary driving force behind continued growth.

“Industrial operations are focusing on smart data instead of just big data. Smart data combines product know-how and process expertise with data analytics to reduce unplanned downtime and improve operational efficiency," according to Inderpreet Shoker, senior analyst and key author of ARC's Asset Performance Management Global Market Research report. "Smart data brings this understanding to the forefront and enables better decisions. Advanced automation systems combined with advanced analytics enable data scientists to predict and prevent failures and uncover opportunities for performance improvements, as well as energy and cost savings. This creates high value for industrial operations and drives growth in the APM market. Although in the short run, the COVID-19 pandemic is expected to hamper investments in APM solutions, ARC expects the APM market to post positive growth in the 5-year forecast period.” 

About the Asset Performance Management Research

This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the worldwide market for APM solutions. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, one-year historical data, plus five-year market forecasts by region, industry, and product categories.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • Market Intelligence Workbook (Excel): personalized spreadsheet current base year market data, one year history, and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
  • ​Concise Market Analysis Report (PDF): This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues.  The PDF is available with a comprehensive set of charts with associated analysis.

For more information on this and other available ARC Advisory Group market research, please visit Market Data & Studies.

About ARC Advisory Group

ARC Advisory Group is the leading market research and advisory firm for industry, infrastructure and smart cities. ARC analysts have the industry knowledge and firsthand experience to help clients find the best answers.

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